An advantage of using statistical over nonstatistical sampling methods in tests of controls is that the statistical methods
A) Afford greater assurance than a nonstatistical sample of equal size.
B) Provide an objective basis for quantitatively evaluating sample risks.
C) Can more easily convert the sample into a dual-purpose test useful for substantive testing.
D) Eliminate the need to use judgment in determining appropriate sample sizes.

Question

Quizplus · Accepted Answer

Statistical methods provide a basis for quantitatively evaluating the risks associated with a sample and determining appropriate sample sizes objectively. This allows for greater accuracy and effectiveness in conducting tests of controls. However, it does not necessarily provide greater assurance than a nonstatistical sample of equal size and does not eliminate the need to use judgment in determining sample sizes. Additionally, converting the sample into a dual-purpose test may be possible with both statistical and nonstatistical sampling methods.

An Advantage of Using Statistical Over Nonstatistical Sampling Methods in Tests